Seminar in Economics Econ. 470 Chapter 3: Scientific Research

Scientific Research Recall….. Research: an organized, systematic, data-based, critical, objective, scientific inquiry or investigation into a specific problem, undertaken with the purpose of finding answers or solutions to it. Decisions based on results of well done scientific study tend to yield the desired results:

Scientific Research 1-It follows a step by step process. 2- Scientific research focuses on: Solving problems-pursuing a method (logical, organized, solid). 3- Scientific research focuses on: identifying the problems, gathering data, analyzing them, and drawing valid conclusion. 4- Thus…Scientific research is not based on hunches, experiences and intuition.

Hypothetico-Deductive Research Example: The quality of education in Kuwait. Identify a broad problem area: Define the problem statement ( based on theory): Theory formulation: Develop hypotheses : Data collection: Data analysis: Interpretation of data:

Hypothetico-Deductive Research Example: The Budget Deficit in Kuwait. Identify a broad problem area: Define the problem statement ( based on theory): Theory formulation: Develop hypotheses : Data collection: Data analysis: Interpretation of data:

Hypothetico-Deductive Research Example: The Foreign Investment in Kuwait. Identify a broad problem area: Define the problem statement ( based on theory): Theory formulation: Develop hypotheses : Data collection: Data analysis: Interpretation of data:

Hypothetico-Deductive Research Think of your topic………Then follow the Seven-Step Process in the Hypothetico-Deductive Method Identify a broad problem area: Define the problem statement ( based on theory): Theory formulation: Develop hypotheses : Data collection: Data analysis: Interpretation of data: